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April 2023 Market Report

Charles Cherney

Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...

Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...

May 14 2 minutes read

35-37 Teele Ave

Renovated two-family near Tufts outside Davis Square

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35-37 Teele Ave, Somerville

Cambridge Market Stats for April 2023

126

Homes for sale on 4/30

59

Homes sold in April

120

New listings in April

 

32

Average Days to Offer

$1,433,133

Average Sale Price

101%

Avg. Sale to List Price

Click here to see all the sales in Cambridge in April

See below for three noteworthy sales in Cambridge in April

3 Crawford Street Unit 9, Cambridge, MA
3 Crawford Street Unit 9

Sold for $625,000 on April 4, 2023.
Listed by Charles Cherney.

98 Reed Street, Cambridge, MA
98 Reed Street

Sold for $1,035,000 on April 27, 2023.
Listed by Charles Cherney and sold by Christine Carpenter of Compass.

301 Huron Ave Unit 1, Cambridge, MA
301 Huron Ave Unit 1

Sold for $1,535,000 on April 14, 2023.
Sold by Charles Cherney as the Buyer's Agent.

Somerville Market Stats for April 2023

135

Homes for sale on 4/30

39

Homes sold in April

84

New listings in April

 

27

Average Days to Offer

$1,060,074

Average Sale Price

103%

Avg. Sale to List Price

Click here to see all the sales in Somerville in April

See below for three noteworthy sales in Somerville in April

150 Lowell Street Unit 3, Somerville
 150 Lowell Street Unit 3

Sold for $765,000 on April 11, 2023. Listed by Claudia Lavin of Compass.

81-83 Alpine Street Unit 2, Somerville, MA
81-83 Alpine Street Unit 2

Sold for $1,377,000 on April 14, 2023. Listed by Denman Drapkin Group of Compass

197 Morrison Ave, Somerville, MA
197 Morrison Ave

Sold for $1,730,000 on April 13 , 2023. Listed by Murray-Gresenz Group of Compass.

5 Things to do before making an offer

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Meet me on Lexington Ave in Cambridge

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Meet me on Maple Ave in Cambridge

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Checking in with Charles

The spring market is in full swing in the month of April. Yes, certain properties still generating multiple offers and over asking sale prices. For other listings, it may be that a buyer can negotiate and have standard contingencies.  

With better weather in our favor, I am out walking more and taking photographs. I recently posted on Youtube some photos I have taken in The Port neighborhood of Cambridge.

The Charles Cherney Team at Compass is here to help you. Our mission is to help you buy the right home and sell for the best price – and to answer your questions about the market, your home, and the community. Our work is our calling. Reach out at any time!


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